Kazatomprom 1H20 Financial Results 💰 World's largest #Uranium producer has released its Financial & Operations Review for H1 2020 & held a 1-hour Conference Call with Q&A. 💻 Market responding positively with trading Up a tad near 52-week high👍 kazatomprom.kz/en/media/view/…
#Kazakhstan's #Uranium production was down -3% in first 6 months of 2020, down -7% attributable to , as #COVID19 slowdown to be primarily felt in H2 as per previous 2020 Guidance. CAPEX down -38% vs H1 2019 due to #COVID19 suspensions.⛏️↘️ Details: kazatomprom.kz/storage/2e/ofr…
Here are some Slides from Kazatomprom 's Conference Call. Excellent presentation with detailed coverage of ISR #Uranium production timelines, impact of #COVID19. 😷⛏️↘️ As of today, workers now back on site beginning drilling & wellfield operations after 4-month halt.
Kazatomprom holding to 2020/2021 #Uranium Production Guidance as still uncertain what actual impact of 4-month #COVID19 suspension will be. A 2nd Wave could further impact operations this year & in 2021. Globally, ~20M lbs #U3O8 supply lost this year to #nuclear supply.⛏️⤵️
Kazatomprom would not provide details on Spot purchased #Uranium, only to say that due to lost production, with no catch up, they will see inventory levels fall uncomfortably low & so will continue Spot purchasing to meet deliveries later this year & into 2021. ⚛️🛒
Overall, Kazatomprom sees a fundamental shift in #Uranium market from relying on Spot/Mid-term to Long-Term Contracts as global 20M lbs #COVID19 production loss tightens up Spot Market, reduces Mid-term trader supply, increases concerns over Security of Supply.
#Nuclear utilities have continued to delay Long-Term contracting due to multiple overhangs & #COVID19 operational issues in H1 but expects #Uranium contracting to pick up significantly into the fall. Shift to LT rather than Spot raises importance of LT Contract Price.
sees tight Spot Market now & the shifted focus onto Long-Term #Uranium contracts may reverse normal price action. Moves higher in Long-Term Price may be what drive Spot Price higher later this year as #Nuclear utilities accelerate LT contracting in H2 and 2021. ⚛️🛒⤴️
• • •
Missing some Tweet in this thread? You can try to
force a refresh
If U are a newbie👶 unfamiliar with #Uranium, a commodity unlike any other with its own unique concepts & terminology such as #U3O8, Conversion, #UF6 & enrichment SWU😖 then this Tutorial thread👨🏫 on the #Nuclear fuel cycle♻️⚛️⛏️ may help U to ride the bull wave!🌊🏄🤠🐂🧵👇../2
2) #Uranium is a very different fuel unlike #coal & #gas that are burned "as is" in #electricity power plants.🏭⚡️ #Nuclear fuel needs to be specially processed and then packaged into fuel rods that are then loaded into reactors to generate #CarbonFree electricity.🌞⚛️⚡️👇../3
3)Mined #Uranium⛏️is processed into drums of Yellow Cake #U3O8🛢️that in the West are shipped🚢🚛 to plants in Canada, US & France for "Conversion" into a gas form called #UF6 which is then shipped in cylinders🚛 to plants in US & Europe for "Enrichment" into #Nuclear fuel⚛️👇../4
1) With #Uranium Explorers mobilizing for winter drilling in #Canada's #AthabascaBasin⛏️ it's time⏳ for a thread on how to interpret drill data🗒️ coming soon in news releases.📰 Misunderstanding data can lead to missed opportunities.💰😟 Maybe I can help U get ready!👨🏫🧵👇.../2
2) #Uranium explorers drill rock core samples looking for signs of #U3O8 bearing ore.🧐 Rarely do they hit high-grade on first few attempts.😟 Geologists first look for visual signs in the core samples. Here's a description from pre-discovery 2013 drilling at $NXE's Arrow👇.../3
3) Visual inspection of core samples is just 1 of many steps taken to see if #uranium is found. Presence of radioactivity is best indicator☢️ so all cores are scanned with an instrument called a Hand-held Scintillometer to produce "Scint" CPS tables for each core interval.🗒️.../4
If you've heard about #Uranium soaring past $100 to 16-year highs💯🎇🦻🐦 amidst a global #Nuclear #energy resurgence⤴️⚛️bringing unprecedented U demand⛏️🛒 and wonder how U can invest💵🤔 in U #mining #stocks famous for spectacular gains🎆💰😃 here's a🧵on ways U can play.🤠🐂👇
If you're just beginning to invest in #Uranium #mining #stocks👶 then a great starter🥣 is #investing in a 100% Pure-Play Uranium ETF: $URNM 🇺🇸🇬🇧🇦🇺 or Horizons Global Uranium Index ETF $HURA 🇨🇦 giving U broad #U3O8 sector exposure⛏️😃 while U do your research📚🧐👇#Nuclear⚛️🤠🐂
The world's largest and most liquid #Uranium ETF with $2.8 Billion AUM💰 is offered by Global X but is weighted at only 70% U #stocks⚠️ with the other 30% for #Nuclear component makers⚛️🏭 & generic miners⛏️at ticker $URA 🇺🇸 also offered as $URNU 🇬🇧 and $ATOM 🇦🇺 🤠🐂
If you've heard about #Uranium breaking out to new 15-year highs🎇🦻🐦 amidst a global #Nuclear #energy resurgence⤴️⚛️ bringing unprecedented U demand⛏️🛒 and wonder how U can invest💵🤔 in U #mining #stocks famous for spectacular gains🎆💰😃 here's a🧵on the ways U can play.🤠👇
If you're just beginning to invest in #Uranium #mining #stocks👶 then a great starter🥣 is #investing in a 100% Pure-Play Uranium ETF: $URNM 🇺🇸🇬🇧🇦🇺 or Horizons Global Uranium Index ETF $HURA 🇨🇦 giving U broad #U3O8 sector exposure⛏️😃 while U do your research📚🧐👇#Nuclear⚛️🤠🐂
The world's largest and most liquid #Uranium ETF with $2.4 Billion AUM💰 is offered by Global X but is weighted at only 70% U #stocks⚠️ with the other 30% for #Nuclear component makers⚛️🏭 & generic miners⛏️at ticker $URA 🇺🇸 also offered as $URNU 🇬🇧 and $ATOM 🇦🇺 🤠🐂
If you've heard about a global #Nuclear #energy resurgence⤴️⚛️👂🐦 driving demand for #Uranium that's in a deep supply deficit⤵️⛏️ and wonder how U can invest💵🤔 in this tiny #mining #stocks sector famous for spectacular gains🎆💰😃 here's a🧵 on the various ways U can play.🤠👇
To build your own #Uranium #mining #stocks portfolio📂 of #U3O8 equities traded in #Canada, #USA, #Australia & #UK🛒 U could choose from the holdings of 100% pure-play '@Sprott Uranium Miners ETF' $URNM 🇺🇸🇦🇺🇬🇧🛒⚛️⛏️🤠🐂 #Nuclear #investing #NetZero #ESG🏄♂️ sprottetfs.com/urnm-sprott-ur…
Lowest risk #Uranium #investing option🦺 is a Fund that stacks raw #Nuclear fuel #U3O8🏦⚛️ providing direct 1-to-1 exposure to U3O8 Spot price.📈👯 In North America that's @Sprott Physical Uranium Trust (TSX: $U.UN $U.U OTC: $SRUUF)🇺🇸🇨🇦 & in #UK Yellow Cake plc (AIM: $YCA)🇬🇧🛒⛏️
Quantifying #Uranium demand:🧵🛒⚛️⛏️🧮 I see investors using a wide range of figures when it comes to calculating estimates for U demand.↕️ What are the sources of Uranium demand today & in future, apart from what's consumed each year by #Nuclear reactors?🤔 Let's explore!🧑🏫../2
2) First let's make sure we understand the terms used to express #Uranium quantities.🤬 #Nuclear fuel requirements are usually quoted as 'metric tonnes of U' => 'MT U' or 'tU' ⚖️ but miners fill drums of yellow cake🛢️ which is #U3O8 that's not pure U so we must convert.🧮../3
3) TradeTech provides a handy conversion table to convert #Uranium quantities between tU & lbs #U3O8.📊 One tU is contained in 2599.79 lbs of #U3O8, so if a reactor consumes 200 tU per year it needs approx 200x2600 = 520,000 lbs drummed #U3O8 to supply that.🛢️⚛️⛏️ Got it?😀 ../4